Development31

Casamira ApartmentsDetroitDevelopment

Casamira Apartments Built In 1925 To Be Redeveloped Into 44 Apartments

In 12 months, the Casamira Apartments in New Center should have new life. There will be $10.2 million invested in the four story, 42,200 square foot property on Delaware street, near the end of the M-1 Rail under construction on Woodward. The faith-based economic development and employment training nonprofit Central Detroit Christian Community Development Corporation had the property donated to them. They intend to turn the 1925 structure into 29 market rate apartments and 15 affordable hous...

Detroit neighborhoodsDevelopmentexpansion

An Inside Look At Parker Street Market's Expansion In West Village

As of late, many of Detroit’s developments have been “big” – a new Lawrence Tech building, the Whole Foods, multiple square blocks of Brush Park, and the new Red Wings arena. But the fun – and the signs of real life – are in the small. To that end, Parker Street Market, the hidden West Village corner store adored by Detroit foodies, has only been on the scene a little more than a year, but it is already expanding 700 sq. ft. by the end of the summer. This will at least triple 1the store’s...

DevelopmentHotelroyal oak

Downtown Royal Oak To Get New Hotel As Part Of Multi-Purpose Development

Set to open sometime in 2017, a five story, $48 million multi-purpose development will take over some prime real estate at the north end of Royal Oak’s downtown Main Street. Approved this week by the city of Royal Oak, the project includes plans to develop a 120-room Hyatt Place Hotel, 56 apartment spaces plus retail and office space and a 325-space parking deck. There will be three buildings totaling in 40,500 square feet of demolition for the space overall. The development has been put tog...

businessDetroitDevelopment

Green Sky Sees Blue Skies Downtown, Makes Move To Detroit

Local video production and photography studio Green Sky is the next suburban-based company to move their business to the rapidly expanding downtown district.  The company, known for impressive work with brands like Cadillac and Toshiba – as well as this awesome video – moved from their small studio in downtown Royal Oak to the newly renovated 607 Building located at the intersection of Congress and Shelby. The new 2600 square foot space is a fully customized design built in a 9-story 1920...

Ally Detroit CenterAlly FinancialBedrock Real Estate

Ally Financial Switches Plans, Decides To Consolidate Downtown; Gilbert Buys One Detroit Center

Real estate magnate and Quicken Loans founder Dan Gilbert expanded his portfolio to some 70 properties today with the purchase of 43 story, 957,000 square foot One Detroit Center. The purchase price was more than $100 million for Detroit’s third largest office building and the adjoining garage, however, an exact number wasn’t shared. But that wasn’t all. It had been talked about in the media that Ally Financial, formerly the credit arm of General Motors, was going to move to Southfield, but...

Bike shopBike shop DetroitCorktown

Here's The Inside Lane On Metropolis Cycles, Detroit's New Bike Shop Opening In April

Bicycling in Detroit is getting bigger by the day. The city known for putting the world on four wheels has more and more people every day choosing to explore it (or commute in it) on two. To help serve that need, there’s a new bike shop called Metropolis opening up in Detroit’s burgeoning Corktown neighborhood. It will be right across the street from Slow’s BBQ, Gold Cash Gold, and on the same block as Mercury Burger Bar. The shop will be no small endeavor. We caught up with proprietor Shayn...

ChamberlainCorktownDetroit

Michigan Central Station To Get More Than 1,000 New Windows

It looks like there may be progress ahead on one of Detroit’s most iconic eyesores. Michigan Central Station, closed since 1988, has become a windowless hulk overlooking a burgeoning Corktown neighborhood. Whereas in the past windows would randomly appear, this news comes from a release from St. Clair-based Chamberlain Glass & Metal Inc. that tells of the plans. However, as often the case with Maroun projects, there is no cost shared or timetable given. The contractor and building owner have...

ColburnColburnDevelopmentDixon Inc

Gilbert Buildings The New Home For Six Businesses

Bedrock Real Estate Services announced earlier this week that six new businesses have opened a total of 16,000 square feet of office space in Dan Gilbert-owned buildings. The square footages of each lease were not immediately available. * ColburnColburn, an insurance risk and management provider, opened in the 800,000 square-foot First National Building at 660 Woodward Ave. According to CoStar Group Inc., a Washington, D.C. based real estate information service, Gilbert bought the building fo...

Detroit streetcarDevelopmentM1 Rail

M-1 Rail Releases Renderings for the New Penske Tech Center

The corner of Bethune and Custer off of Woodward is about to get a whole lot busier. M-1 RAIL, the 3.3 mile-long streetcar project under construction in downtown Detroit, has released conceptual renderings of the nearly 19,000 square feet Penske Tech Center facility, where the streetcar’s technology systems, vehicles and operations team will be based. Paul Childs, Chief Operation Officer of the project, said in a statement that community input for the new tech center included five recommenda...

DetroitDevelopmentMidtown

Strathmore Hotel Built In 1924 To Come Back To Life, 40% Of Units To Be Affordable

For more than a decade, the Strathmore Hotel on West Alexandrine has sat empty. Around it, Midtown has started to flourish. Great Lakes Coffee is across the street. On the same block is the Union Street restaurant, and within steps is the heart of a revitalized midtown. The vacant eight story structure has watched all of this happen around it, and its now time for the Strathmore Hotel to come back thanks to a public-private partnership between Midtown Inc. and McCormack Baron Salazar based in...

DetroitDevelopmentMidtown

Moribund Corner Park To Get A New $250,000 Lease On Life

The Midtown neighborhood of Detroit is changing rapidly. We’re hearing that Midtown Inc., the non-profit development engine behind much of the resurgence in the neighborhood, is dropping $250,000 into a park next to Selden Standard (you can catch our review here). Redmond Plaza is at the corner of Selden and Second and steps away not just from Selden Standard but new housing and the well-known Honest?Johns. It’s also a neighborhood in transition. The plan is to add electricity, repair lights a...

Aloft HotelDavid Whitney BuildingDetroit

LOOK: The David Whitney Building Is Kind Of Amazing

You’re going to want to see this. It has taken $92 million and countless hours of effort, but the historic David Whitney Building is back in action after sitting dark since 2000. Yesterday, the facade was lit and the beauty of the 1915 skyscraper showed through. There’s been a new cornice installed, and we got to peek not just at the outside but the inside of the glorious lobby and two of the establishments downstairs, including the WXYZ bar (and we can’t help but wonder if the ghost of Bill B...

CompuwareDan Gilbert buys Compuware buildingDetroit

Gilbert Buys Compuware Building, Meridian Health To Move In

It’s been rumored for awhile, and now it’s finally happened. Dan Gilbert has purchased the Compuware building, a structure that helped kick off the recent wave of revival in downtown Detroit. Built on land purchased from the city for $1, The 15 story Compuware building opened in 2003. It is said to have sold for $150 million, although there has been no official confirmation of the price. “The Compuware Building has served as the nucleus for 21st century Detroit for more than a decade thanks...